DESA SENADIN PHASE 4

DESA SENADIN PHASE 4 in Bahagian Miri, Sarawak recorded 30 subsale transactions in 2022, with a median price of RM 272K and a median price per square foot (PSF) of RM 182.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 272K, with most transactions falling within a stable range of RM 240K to RM 345K, and a typical market range of RM 240K to RM 332K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 182, with core pricing between RM 148 and RM 216. Market pricing typically extends from RM 164.63 to RM 199.38, reflecting moderate variation in unit pricing. The spread of RM 34.75 (IQR) and deviation of RM 34 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.